In the largest quarter for total VC capital invested since 1Q 2000, Bay Area companies came out as clear winners in 2Q, bringing in a huge amount of capital with some grandiose valuations. Uber and its $1.2 billion Series D round at a pre-money valuation of $17 billion definitely helped the overall totals, but that and a handful of other outlying numbers aren’t enough to take away from the quarter turned in by The Bay.
According to PitchBook data, VC investors poured $9 billion into Bay Area companies in 2Q 2014, accounting for 41.6% of all VC capital invested globally, with the software industry in the area alone grabbing more capital than all of Europe. The region’s valuations were also off the charts, as the overall median valuation came in at more than $59.4 million, with Airbnb joining Uber on the list of companies earning valuations over $10 billion.
We sifted through the data on the PitchBook Platform to look at three regions in the U.S., as well as Europe as a whole, to see how each fared last quarter. For more, check out the datagraphics below (created by Jennifer Sam) on the Bay Area, Pacific Northwest, New York and Europe.